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Cindy made 40$ in interest by placing 200$ in a savings account with simple interest for 2 years. What is the interest rate?
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Cindy made 40$ in interest by placing 200$ in a savings account with simple interest for 2 years. What is the interest rate?

User Vilhalmer
by
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1 Answer

6 votes

Answer:

The interest rate is 10 percent

$20*2=$40


User Michael Sims
by
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